The GEO Group, Inc. (NYSE:GEO) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its holdings in The GEO Group, Inc. (NYSE:GEOGet Rating) by 19.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 59,979 shares of the real estate investment trust’s stock after selling 14,456 shares during the period. Advisors Asset Management Inc.’s holdings in The GEO Group were worth $396,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE grew its stake in The GEO Group by 85.0% in the 2nd quarter. US Bancorp DE now owns 4,944 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 2,272 shares during the last quarter. James Investment Research Inc. acquired a new stake in The GEO Group in the 2nd quarter valued at about $34,000. Nisa Investment Advisors LLC grew its stake in The GEO Group by 285.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 10,600 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 7,850 shares during the last quarter. Denali Advisors LLC acquired a new stake in The GEO Group in the 2nd quarter valued at about $75,000. Finally, Brendel Financial Advisors LLC acquired a new stake in The GEO Group in the 2nd quarter valued at about $81,000. 84.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of The GEO Group from a “buy” rating to a “hold” rating in a research note on Saturday.

The GEO Group Price Performance

NYSE:GEO opened at $9.80 on Friday. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 0.39 and a beta of 0.56. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.77. The company’s 50-day moving average is $8.43 and its two-hundred day moving average is $7.50. The GEO Group, Inc. has a 12-month low of $5.20 and a 12-month high of $9.95.

The GEO Group (NYSE:GEOGet Rating) last released its earnings results on Thursday, October 27th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.30). The firm had revenue of $616.68 million during the quarter, compared to analysts’ expectations of $605.85 million. The GEO Group had a net margin of 3.48% and a return on equity of 16.83%. Research analysts expect that The GEO Group, Inc. will post 2.49 EPS for the current year.

The GEO Group Company Profile

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The GEO Group, Inc (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO's diversified services include enhanced in-custody rehabilitation and post-release support through the award- winning GEO Continuum of Care, secure transportation, electronic monitoring, community-based programs, and correctional health and mental health care.

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Institutional Ownership by Quarter for The GEO Group (NYSE:GEO)

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